Actis has completed fundraising for the Actis Energy 5 (AE5) fund, exceeding its US$4 billion target with over US$4.7 billion of fund commitments and significant co-investment.

The fund expects to deploy around US$6 billion of investable capital. AE5 will allocate capital globally, providing access to power in markets comprising over 80% of the world’s population. It has already allocated capital to approximately US$4 billion of Energy Transition opportunities through control investments in power generation and distribution businesses.

The fundraising for AE5 resulted in significant repeat purchases of LP as well as new commitments from a diversified investor base. The LP base includes pension funds, insurance companies, endowments, sovereign wealth funds, and other investors from across the globe.